posted on
May 21, 2007 09:14PM
Jldmt... Exercising of those options will cost Pohl ~$250k.. Pohl would have to sell, an appropriate amount of those shares (one option) to cover that cost ... say 500k shares sold @ .50, leaving him 1 mil shares clear.. or ~310k @ .80, leaving him ~1.2 mil shares clear, etc... Then he can just sit on them and sell as he wishes... hopefully at $5 or better... It may actually cost him some additional shares than the above if he must also pay taxes immediately... Fut may be able to coment on that further... regardless, he has the opportunity to bank probably a million plus shares basically for free.. and I'm sure he has additional options he can do the same thing with.... and people wonder why he hasn't purchased with his own money (aside from the 750k shares in his wifes name)
regards